Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) Sees Significant Drop in Short Interest

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 100 shares, a drop of 75.0% from the October 15th total of 400 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 1.0 days.

Furukawa Electric Stock Up 14.8 %

Shares of OTCMKTS FUWAY traded up $2.36 during midday trading on Tuesday, hitting $18.26. The company had a trading volume of 5,100 shares, compared to its average volume of 3,883. Furukawa Electric has a twelve month low of $7.41 and a twelve month high of $18.26. The business has a 50-day simple moving average of $11.70 and a two-hundred day simple moving average of $12.12.

Furukawa Electric Company Profile

Furukawa Electric Co, Ltd. manufactures and sells telecommunications, energy, automobile, electronic, and construction products worldwide. It operates through Infrastructure, Electronics & Automotive Systems, Functional Products, and Service and Developments segments. The company offers telecommunications products, such as broadband systems, routers/network equipment, and wireless products; and optical fiber cables and identifiers, optical closures/termination boxes, optical connectors/cords, fusion splicers/optical connecting tools, optical fiber line monitoring/management systems, optical active component, and metal communication cables, as well as wiring materials.